Vince Holding Corp. (NYSE:VNCE) Major Shareholder Sells $16,818,837.05 in Stock

Vince Holding Corp. (NYSE:VNCE) major shareholder Rodger R. Krouse sold 7,218,385 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $2.33, for a total value of $16,818,837.05. Following the transaction, the insider now directly owns 1,262,933 shares in the company, valued at $2,942,633.89. The trade was a 85.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Vince Stock Down 15.7 %

VNCE stock opened at $3.29 on Friday. The business’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $2.14. The stock has a market capitalization of $41.47 million, a price-to-earnings ratio of 8.89 and a beta of 1.47. Vince Holding Corp. has a fifty-two week low of $1.27 and a fifty-two week high of $6.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 0.64.

Vince (NYSE:VNCE) last issued its earnings results on Tuesday, December 10th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, equities analysts anticipate that Vince Holding Corp. will post 0.63 earnings per share for the current year.

Vince Company Profile

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.